The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations
Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.
Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.
Absolutely, it’s tech-fetishism (in the sense of commodity fetishism) combined with capitalist realism. They identify a very real problem, but they cannot believe that it is inherent to capitalism and can only be solved by its ending.
Edit: Proof of stake had inherent problems also, it removes the “fairness” of verification and ties the ability to do so directly to one’s investment.
The best way to defeat capitalists is by playing the game where the capitalist can buy a lot more game pieces and can fail many more times than you can.